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>They are largely ordinary voters. Is that right? I wonder what proportion of voters have >$250k in a bank account, and if it's a very small proportion, whethe
by cool_dude85 4y ago
>They are largely ordinary voters.
Is that right? I wonder what proportion of voters have >$250k in a bank account, and if it's a very small proportion, whether it's fair to call such people "ordinary voters". For example, if I levy a tax on 50+ foot yachts, would it be fair to say that I'm just taxing ordinary voters?
- dboreham 4y ago> I wonder what proportion of voters have >$250k in a bank account Not many, but some larger number may have been expecting paychecks cut from those deposits.
- cool_dude85 4y agoThey're still owed the money regardless of whether the company they work for has it in their bank account or not. And wouldn't their employer, acting responsibly towards its employees, have used its advanced FDIC payout, as well as the certificate for the funds remaining, to cover the cost of making payroll? Dean Baker explains how the process would have worked absent this bailout here: https://twitter.com/DeanBaker13/status/1635598421037043712 https://twitter.com/DeanBaker13/status/1635598421037043712